Citi Expects MEITUAN-W to Withstand Ongoing Macro and Competitive Challenges, Maintains Buy Rating
AASTOCKS News·- Citi maintained a Buy rating and a target price of HKD 120 on MEITUAN-W (03690.HK) following its 2Q26 results conference call. - The brokerage expressed confidence in management's execution and AI-driven growth to withstand macro and competitive pressures despite a seasonal profit margin decline in the third quarter. - Management reported that easing food delivery competition, positive unit economics, rapid merchandise sales growth, and overseas expansion supported the company's outlook.01:00 ETTemu and Poșta Română Sign MoU on Logistics Services for Romanian Sellers
prnewswire·- Temu and Poșta Română signed a Memorandum of Understanding to provide integrated logistics services for Romanian sellers on the e-commerce platform. - The partnership covers parcel collection, sorting, and last-mile delivery options including home delivery, lockers, and post offices. - The collaboration aims to streamline order fulfillment, support local businesses in expanding their reach, and enhance customer experience.Promising Streaming Stocks To Follow Now - September 3rd
Market Beat·- MarketBeat's stock screener has identified Spotify Technology, Roku, Franco-Nevada, Logitech International, and NetEase as the top streaming stocks with the highest dollar trading volume. - These companies operate across various sectors including digital audio, video streaming platforms, precious metals streaming, streaming hardware, and online gaming and music. - Their market performance is generally driven by factors such as subscriber growth, advertising revenue, content costs, and broader economic conditions like stable interest rates.Top 5 HK Stock Gainers/Losers (>100B) (9.3)
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